BUSINESS COACHING AND MENTORING
STIMULATING BUSINESS GROWTH
Sometimes it helps to have a second opinion, someone to be accountable to and someone to give you ideas and advice. Someone to help you to drive your business forward.
Here at Newark Beacon, included within the rent, we provide all of our occupiers with the option of working with a business coach or mentor.
Taking advantage of this opportunity offers a powerful tool. Our business coaches will work to your requirements. What help would mean that you could take great strides in growing your business? A fresh pair of eyes? Honest feedback? The development of people? Techniques to help you add to bottom line performance?
David Smith is our Business Coach and part of the Newark Beacon team. David brings with him a wealth of experience; following a 20 year career in the banking sector, David has successfully managed and delivering a wide range of business support programmes across Nottinghamshire and Derbyshire. A resident of North Derbyshire, David has lived and worked in this area throughout his career and understands the issues faced by local businesses.
David completed the formal banking qualification, Associate of the Chartered Institute of Bankers, and has since achieved a Diploma in Business Support and a Level 5 Certificate in Management.
Key areas in which other businesses have tapped into David's expertise have been strategic planning, finding new customers and accessing finance including applying for grant funding. David feels that a major part of his support role is for business owners to have an impartial and independent "sounding board", to be able to share ideas, aims and objectives before deciding on the most appropriate course of action. Having made that decision, David will then guide them through the implementation process, helping them to measure progress and take remedial action as required.
BLT Logistic Services, Newark Beacon
THE GROWTH CHALLENGE
Chris Chapman has worked on a self-employed basis over the past year or so providing consultancy and audit guidance to the transport sector, in which he has extensive experience. However, he has now reached the point where his limited capacity is causing a bottleneck. Chris has therefore created a new limited company and is looking to develop the business structure required to allow the business to grow and realise its full potential.
BUSINESS SUPPORT DELIVERED BY OXFORD INNOVATION
Oxford Innovation has assisted Chris with the growth planning process, specifically focusing on the following:
Break down the range of services on offer and in each case identifying target customer groups and route to market.
Identify the skill set required in order to complement Chris’s vast industry experience, and enable him to focus his time on high level income generation activity.
Financial forecasting to identify break-even levels, set realistic but achievable income objectives and identify the funding gap.
Introduced to a local provider for the Start-Up Loan service and assisted with the application process.
Chris also attended a Marketing Seminar delivered by Oxford Innovation which assisted in the development of a clear marketing strategy
Secured the funding required to start the business.
The business is now moving forward with its plans and has secured a high value contract which will accelerate growth.
One new job was created immediately and a second person has been secured and will be starting employment in mid-April 2015.
The business has progressed from virtual to taking up a room within the Newark Beacon Centre.
“Using the services of the innovation centre has enabled BLT to grow. David Smith and the team have been invaluable to the success to date. Successfully completing the business plan and cash flow was a big task made easy by input from the team at Newark Beacon but mainly the valuable help and guidance received from David Smith. The funding gained with the help of David has given BLT the opportunity to employ local people, and the ongoing support of the centre will be invaluable to the team at BLT. Having access to this support will ensure our business systems are robust and sustainable” - Chris Chapman, BLT Logistic Services